All investment accounts are combined in one big trading account (master account = pamm account).
Only money manager can trade on PAMM account. Trading is disabled for investors.
All investors get share of PnL made on PAMM account proportionally to sizes of their accounts.
All investors get share of PnL made on PAMM account proportionally to sizes of their accounts.
Can work as social investment tool with money managers shown in leaderboard and as institutional invesment tool (MAM) when broker subscribes investors to master accounts
Automated rollovers for deposits and withdrawals
No need to close master positions during subscriptions / unsubscriptions / deposits or withdrawals
Fees for all investors can be set up separately
Automated subscriptions / unsubscriptions of investors
Investors can not see any opened positions in their MT5 terminal.
Investors can see their performance and current equity including floating PnL of their investment accounts in web interfaces.
All PnL is distributed to invesment accounts with 0.01USD/EUR/GBP precision (min available part of base currency of investment account)
Expecting big news from the White House? Our forex indices are a collection of related,
strategically-selected pairs, grouped into a single basket.
Trade on our 12 baskets of FX pairs, including the CMC USD Index.
PnL of investor = Closed PnL for master position x
(Investor's Equity / Master’s Equity)
Expecting big news from the White House? Our forex indices are a collection of related,
strategically-selected pairs, grouped into a single basket.
Trade on our 12 baskets of FX pairs, including the CMC USD Index.
When somebody makes Deposit/Withdrawal (DW) shares of investment accounts are recalculated accordingly to new shares of investment after DW. After DW lblin label creates for all opened positions on master account and all floating PnL for all master positions is redistributed by balance operations to investment accounts.
Example : Initial state: Master account = 1000USD.
it has only 1 investor with 1000 USD.
Autocorrection helps money manager to automatically save same leverage (or margin level) on his account as before withdrawal by partial close of opened positions.
Master position will be partially closed by autocorrection proportionally to withdrawal amount >>> 2000USD/4000USD x 1 lot >>> 0.5 lots will be closed.
So after withdrawal investor #1 will get same size of virtual position: 0.25 lot same as investor #2 (they have same equity).
positions of money manager will not be affected but investors will get new shares in PAMM after withdrawal: investor #1: 50% and investor #2: 50%.
So both investor #1 and investor #2 will get 0.5 lots of EURUSD after withdrawal.
We implemented rollovers to eliminate such surprises because of withdrawals or deposits even on model without autocorrection.
Money manager can set a schedule for deposits and withdrawals, so he knows when exactly will be executed DW requests and how much money investors plan to deposit and withdraw.
He can make set a schedule for rollovers in settings of master account in his account settings in
Web UI.
Expecting big news from the White House? Our forex indices are a collection of related,
strategically-selected pairs, grouped into a single basket.
Trade on our 12 baskets of FX pairs, including the CMC USD Index.
For example : we have PAMM account (4000USD) with 2 investors: 1000USD (25%) and 3000USD (75%). He has 1 lot EURUSD opened position.
Performance of master account will be different from performance of investment accounts (as positions were not rebalanced)
Master account will have bigger margin level then investor #1, so investor #1 can hit stop-out earlier than master.
An investment in derivatives may mean investors may lose an amount even greater than their original investment. Anyone wishing to invest in any of the products mentioned in www.blackwavecapital.com should seek their own financial or professional advice. Trading of securities, forex, stock market, commodities, options, and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Trading in the financial markets has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the markets. Don't invest and trade with money that you can't afford to lose. Forex Trading are not allowed in some countries, before investing your money, make sure whether your country is allowing this or not.
You are strongly advised to obtain independent financial, legal, and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of Blackwave Capital or any of its affiliates, directors, officers, or employees.
Blackwave Capital does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, or Sudan. The services of Blackwave Capital are not intended for distribution to or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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